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ReadtheMarket - Supply and Demand with Price Action

  • #5,841
  • Feb 26, 2020 4:41am Feb 26, 2020 4:41am
Quoting Fxyogi
A walk through Past week trade. Hope it helps on how we think. {image} {image} {image} {image} {image} {image} {image}
Fxyogi, I think there is a similar setup just now. what do you think?
i was stopped out by the FO.

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Ask, and it is given. Every single time, no exceptions.
  • #5,842
  • Feb 26, 2020 5:13am Feb 26, 2020 5:13am
Quoting beefStew
{quote} Fxyogi, I think there is a similar setup just now. what do you think? i was stopped out by the FO. {image} {image}
SL beyond the zones!
Meeee
  • #5,843
  • Feb 26, 2020 6:09am Feb 26, 2020 6:09am
Quoting enverkoca
{quote} SL beyond the zones!
Enverkoca,
Yeah i should have put my SL above the whole zone. But i saw people like mertch and Selfcontrol using only the QM zone. Of course my knowledge is far from theirs, but i am trying to learn taking only the small QM zone like they do.

Thanks for pointing me out the mistake though!
Ask, and it is given. Every single time, no exceptions.
  • #5,844
  • Feb 26, 2020 6:33am Feb 26, 2020 6:33am
Quoting beefStew
{quote} Fxyogi, I think there is a similar setup just now. what do you think? i was stopped out by the FO. {image} {image}
I didnt understand reason for your trade.
  • #5,845
  • Feb 26, 2020 8:32am Feb 26, 2020 8:32am
Quoting Fxyogi
{quote} I didnt understand reason for your trade.
So the reason was like this. I think it was similar to your USDCAD trade that you posted before; LTF FL inside HTF FL got engulfed and entry at MPL. I might be mistaken apparently.
On this trade i should have entered at MPL to wait for FO.

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Ask, and it is given. Every single time, no exceptions.
  • #5,846
  • Edited 11:08am Feb 26, 2020 10:01am | Edited 11:08am
Quoting beefStew
{quote} So the reason was like this. I think it was similar to your USDCAD trade that you posted before; LTF FL inside HTF FL got engulfed and entry at MPL. I might be mistaken apparently. On this trade i should have entered at MPL to wait for FO. {image}
explain reasons for your trade like foxyogi did a top down approcach at least from h4 down mark all the left shoulderS or rs and their corresponding kinks mark all the cps paz as well as the kinks that broke into cps paz then mark all the kinks and flags on approach to your zone then look for reactions and pa which means engulf into free space then you will have a setup according to the appropriate scale
  • #5,847
  • Edited 11:22am Feb 26, 2020 11:08am | Edited 11:22am
I got scared and placed my TP too early.

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Ask, and it is given. Every single time, no exceptions.
  • #5,848
  • Feb 26, 2020 11:17am Feb 26, 2020 11:17am
Okay benadil. I will try to post it with top down approach. There is another trade i didnt enter. A lot of clear setups today, if only everyday could be like this lol.

H1
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M15
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M1
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Ask, and it is given. Every single time, no exceptions.
  • #5,849
  • Feb 26, 2020 11:28am Feb 26, 2020 11:28am
Quoting beefStew
Okay benadil. I will try to post it with top down approach. There is another trade i didnt enter. A lot of clear setups today, if only everyday could be like this lol. H1 {image} M15 {image} M1 {image}
show the engulf and make sure it is an engulf , make sure there is no target reached yet then the setup will be valid
  • #5,850
  • Feb 26, 2020 11:38am Feb 26, 2020 11:38am
Quoting benadil
{quote} show the engulf and make sure it is an engulf , make sure there is no target reached yet then the setup will be valid
The engulf is on the green arrow, and my target is the green FL inside H1 FL (thick red FL) would have been hit now.

Im not sure if this one is a lucky shot or if i actually got the analysis correct, but i paper-traded it just to see what would happen.

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Ask, and it is given. Every single time, no exceptions.
  • #5,851
  • Feb 26, 2020 11:43am Feb 26, 2020 11:43am
Quoting beefStew
{quote} The engulf is on the green arrow, and my target is the green FL inside H1 FL (thick red FL) would have been hit now. Im not sure if this one is a lucky shot or if i actually got the analysis correct, but i paper-traded it just to see what would happen. {image}
I really dont know for me it touched the red fl no engulf
  • #5,852
  • Feb 26, 2020 1:01pm Feb 26, 2020 1:01pm
Quoting beefStew
{quote} So the reason was like this. I think it was similar to your USDCAD trade that you posted before; LTF FL inside HTF FL got engulfed and entry at MPL. I might be mistaken apparently. On this trade i should have entered at MPL to wait for FO. {image}

Quoting beefStew
{quote} The engulf is on the green arrow, and my target is the green FL inside H1 FL (thick red FL) would have been hit now. Im not sure if this one is a lucky shot or if i actually got the analysis correct, but i paper-traded it just to see what would happen. {image}

Great trades
  • #5,853
  • Feb 26, 2020 1:06pm Feb 26, 2020 1:06pm
Quoting beefStew
{quote} Enverkoca, Yeah i should have put my SL above the whole zone. But i saw people like mertch and Selfcontrol using only the QM zone. Of course my knowledge is far from theirs, but i am trying to learn taking only the small QM zone like they do. Thanks for pointing me out the mistake though!

Qm is trash for us.

What you see with them should be the edge of FL.
  • #5,854
  • Edited 4:15pm Feb 26, 2020 3:03pm | Edited 4:15pm
Quoting Tj1
{quote} Qm is trash for us. What you see with them should be the edge of FL.
YES agree Tj1 trade is good well done beefstew here is my explanation in the screnshots it was a diamond setup into an lsk kink dp1 in green in the screenshot

entries should be at dp1 and dp2 stop loss bellow the fl or kink
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  • #5,855
  • Feb 26, 2020 8:37pm Feb 26, 2020 8:37pm
morning all,
there is a usdchf trade i took late night, but it missed my target by 0.6 pips.

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Ask, and it is given. Every single time, no exceptions.
  • #5,856
  • Feb 26, 2020 8:41pm Feb 26, 2020 8:41pm
Quoting Tj1
{quote} {quote} Great trades
thanks, TJ!

Quote
YES agree Tj1 trade is good well done beefstew here is my explanation in the screnshots it was a diamond setup into an lsk kink dp1 in green in the screenshot
benadil, thanks for your explanation. it seems like i confused QM with LSK.

i will try to find more setups like these.
Ask, and it is given. Every single time, no exceptions.
  • #5,857
  • Feb 27, 2020 12:43am Feb 27, 2020 12:43am
Quoting Fxyogi
{quote} Good Benadil. forex tester is what i suggest everyone , and keep asking the question why this why that. IF has given all the basics.
Hi Fxyogi,

Initially I thought price was going up, but I'm start to think I misread it and that there is no useful ENG up because price reached a gap. Is it still a useful ENG?

I hope its not too much to ask, but how are we suppose to perceive price gaps? Is it best to just wait for price to cover the gap?

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  • #5,858
  • Feb 27, 2020 2:20am Feb 27, 2020 2:20am
NZDUSD on buy zone now...
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  • #5,859
  • Feb 27, 2020 6:19am Feb 27, 2020 6:19am
Can anyone point out why price turned at the green Fl and not on the LSK?

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Ask, and it is given. Every single time, no exceptions.
  • #5,860
  • Feb 27, 2020 6:40am Feb 27, 2020 6:40am
Quoting benadil
{quote} YES agree Tj1 trade is good well done beefstew here is my explanation in the screnshots it was a diamond setup into an lsk kink dp1 in green in the screenshot entries should be at dp1 and dp2 stop loss bellow the fl or kink {image} {image} {image} {image}
Benadil, for future reference, please include the TF and Symbol into charts to make easier to read.
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